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Waze Co-founder and former Infosys board member, Uri Levine, Returns to Zoomcar in Strategic Advisory Role

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Zoomcar Holdings, Inc. (NASDAQ: ZCAR), a leading marketplace for self-drive car sharing, has announced the return of Uri Levine, Waze Co-founder and former Infosys board member, as Strategic and Financial Advisor. Levine, who previously served as Zoomcar's Chairman from 2021 to 2023 before its public listing, will provide strategic oversight with a focus on problem-solving, operational excellence, and capital growth.

The agreement includes the possibility for Levine to return as Chairman, pending Board approval. Levine expressed enthusiasm about rejoining Zoomcar and contributing to its next growth phase, emphasizing the goal of enhancing mobility solutions in emerging markets. Zoomcar's Interim CEO, Hiroshi Nishijima, welcomed Levine's return, highlighting his proven track record in solving customer challenges and scaling businesses.

Zoomcar Holdings, Inc. (NASDAQ: ZCAR), un marketplace leader per il car sharing self-drive, ha annunciato il ritorno di Uri Levine, co-fondatore di Waze e ex membro del consiglio di Infosys, come consulente strategico e finanziario. Levine, che ha precedentemente ricoperto la carica di presidente di Zoomcar dal 2021 al 2023 prima della quotazione in borsa, fornirà supervisione strategica con un focus sulla risoluzione dei problemi, sull'eccellenza operativa e sulla crescita del capitale.

L'accordo include la possibilità che Levine ritorni come presidente, soggetto all'approvazione del consiglio. Levine ha espresso entusiasmo per il suo reinserimento in Zoomcar e per il contributo alla prossima fase di crescita dell'azienda, sottolineando l'obiettivo di migliorare le soluzioni di mobilità in mercati emergenti. Il CEO ad interim di Zoomcar, Hiroshi Nishijima, ha accolto con favore il ritorno di Levine, evidenziando il suo comprovato track record nella risoluzione delle sfide dei clienti e nella scalabilità delle imprese.

Zoomcar Holdings, Inc. (NASDAQ: ZCAR), un mercado líder en el alquiler de coches autoconducidos, ha anunciado el regreso de Uri Levine, cofundador de Waze y exmiembro de la junta de Infosys, como Asesor Estratégico y Financiero. Levine, que anteriormente se desempeñó como Presidente de Zoomcar desde 2021 hasta 2023 antes de su salida a bolsa, proporcionará supervisión estratégica con un enfoque en la resolución de problemas, la excelencia operativa y el crecimiento de capital.

El acuerdo incluye la posibilidad de que Levine regrese como Presidente, sujeto a la aprobación de la Junta. Levine expresó entusiasmo por volver a Zoomcar y contribuir a su próxima fase de crecimiento, enfatizando el objetivo de mejorar las soluciones de movilidad en mercados emergentes. El CEO interino de Zoomcar, Hiroshi Nishijima, dio la bienvenida al regreso de Levine, destacando su comprobada trayectoria en la resolución de desafíos para los clientes y la escalabilidad de los negocios.

Zoomcar Holdings, Inc. (NASDAQ: ZCAR)는 자가 차량 공유를 위한 선도적인 마켓플레이스로서 Uri Levine의 복귀를 발표했습니다. Levine은 Waze의 공동 창립자이자 이전 Infosys 이사로 활동한 바 있으며, 전략 및 재무 자문가로서 임명되었습니다. Levine은 2021년부터 2023년까지 Zoomcar의 의장을 역임했으며, 기업 공개 전에 전략적 감독을 통해 문제 해결, 운영 우수성 및 자본 성장에 집중할 예정입니다.

이번 협약은 이사회 승인을 조건으로 Levine이 의장직에 복귀할 수 있는 가능성을 포함하고 있습니다. Levine은 Zoomcar에 다시 합류하게 되어 기쁘며, 동시에 발전 단계에 기여할 수 있기를 바란다고 밝혔습니다. 그는 신흥 시장에서의 이동 수단 솔루션 개선이라는 목표를 강조했습니다. Zoomcar의 임시 CEO인 Hiroshi Nishijima는 Levine의 귀환을 환영하며, 고객 문제 해결과 기업 확장에 대한 그의 입증된 성과를 강조했습니다.

Zoomcar Holdings, Inc. (NASDAQ: ZCAR), un marché leader dans le partage de voitures en libre-service, a annoncé le retour de Uri Levine, cofondateur de Waze et ancien membre du conseil d'Infosys, en tant que conseiller stratégique et financier. Levine, qui a été président de Zoomcar de 2021 à 2023 avant son introduction en bourse, fournira une supervision stratégique axée sur la résolution de problèmes, l'excellence opérationnelle et la croissance du capital.

L'accord comprend la possibilité pour Levine de revenir en tant que président, sous réserve de l'approbation du conseil. Levine a exprimé son enthousiasme à l'idée de rejoindre à nouveau Zoomcar et de contribuer à sa prochaine phase de croissance, en soulignant l'objectif d'améliorer les solutions de mobilité sur les marchés émergents. Le PDG par intérim de Zoomcar, Hiroshi Nishijima, a salué le retour de Levine, mettant en avant son bilan éprouvé dans la résolution des défis clients et dans l'expansion des entreprises.

Zoomcar Holdings, Inc. (NASDAQ: ZCAR), ein führender Marktplatz für das Teilen von Selbstfahrzeugen, hat die Rückkehr von Uri Levine, Mitbegründer von Waze und ehemaliges Vorstandsmitglied von Infosys, als strategischen und finanziellen Berater bekannt gegeben. Levine, der zuvor von 2021 bis 2023 als Vorsitzender von Zoomcar tätig war, bevor das Unternehmen an die Börse ging, wird strategische Aufsicht bieten, mit einem Schwerpunkt auf Problemlösung, operativer Exzellenz und Kapitalwachstum.

Die Vereinbarung umfasst die Möglichkeit, dass Levine als Vorsitzender zurückkehrt, vorbehaltlich der Genehmigung des Vorstands. Levine äußerte Enthusiasmus über seine Rückkehr zu Zoomcar und den Beitrag zur nächsten Wachstumsphase des Unternehmens, wobei er das Ziel betonte, Mobilitätslösungen in Schwellenländern zu verbessern. Der interimistische CEO von Zoomcar, Hiroshi Nishijima, begrüßte Levines Rückkehr und hob dessen nachgewiesene Erfolgsbilanz bei der Lösung von Kundenproblemen und dem Skalieren von Unternehmen hervor.

Positive
  • Uri Levine, a seasoned entrepreneur and former Zoomcar Chairman, returns in a strategic advisory role
  • Potential for Levine to return as Chairman, pending Board approval
  • Focus on problem-solving, operational excellence, and capital growth
Negative
  • None.

BENGALURU, India, Oct. 22, 2024 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (NASDAQ: ZCAR), the Nasdaq-listed leading marketplace for self-drive car sharing, welcomes back Waze Co-Founder Uri Levine as the Strategic and Financial Advisor. Mr. Levine served as Zoomcar's Chairman of the Board from 2021 to 2023, prior to its public listing, and will now provide strategic oversight to the Zoomcar team with a strong focus on problem solving, operational excellence, and capital growth. As part of this Strategic Advisory agreement, Mr. Levine has the opportunity, pending Board approval to return as Chairman of Zoomcar.

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"I'm thrilled to be back," said Uri Levine. "I am honored to rejoin Zoomcar and leverage my experience to drive its next phase of growth. Our aim is to enhance mobility solutions in emerging markets, ensuring we meet the growing demand efficiently and sustainably. I look forward to the journey ahead."

Zoomcar's Interim CEO, Hiroshi Nishijima, expressed his enthusiasm for Mr. Levine's return, stating, "Uri has a proven track record. His talent for solving customer challenges and scaling businesses makes him a perfect fit as we drive Zoomcar's growth forward. We're excited about the future with Uri on board."

About Uri Levine:

Uri Levine is no stranger to making waves. A serial entrepreneur and visionary, in 2007, Mr. Levine co-founded Waze, the world's leading traffic and navigation app, which was acquired by Google in June 2013 for $1.1 billion. Today, Waze boasts over 140 million monthly active users across 185 countries. He was also an early board member and investor in Moovit, known as the "Waze for public transportation." Moovit, used today by over 750 million people globally, was acquired by Intel for $1 billion in 2020.

About Zoomcar:

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward Looking Statement:

This press release includes statements that are or maybe considered, "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on assumptions about many important factors, including risks identified in the Company's most recent filing on Form 10-K and other SEC filings, all of which are available on the Company's website. These statements may entail significant risk and uncertainty. Any forward-looking statement in this press release refers solely to what is accurate as of the day it is issued or based on assumptions that Zoomcar believes to be reasonable. The actual results and outcomes may materially differ due to various factors or events beyond our control which may not be foreseeable at all times. We cannot guarantee or assure any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this press release can or will be achieved. We undertake no obligation to alter or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as required by law.

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Cision View original content:https://www.prnewswire.com/news-releases/waze-co-founder-and-former-infosys-board-member-uri-levine-returns-to-zoomcar-in-strategic-advisory-role-302283077.html

SOURCE Zoomcar Holdings, Inc.

FAQ

What is Uri Levine's new role at Zoomcar (ZCAR)?

Uri Levine has returned to Zoomcar (ZCAR) as Strategic and Financial Advisor, focusing on problem-solving, operational excellence, and capital growth.

When did Uri Levine previously serve as Zoomcar's Chairman?

Uri Levine served as Zoomcar's Chairman of the Board from 2021 to 2023, prior to the company's public listing.

Who is the current Interim CEO of Zoomcar (ZCAR)?

The current Interim CEO of Zoomcar (ZCAR) is Hiroshi Nishijima.

What is the main focus of Zoomcar (ZCAR) according to the press release?

According to the press release, Zoomcar (ZCAR) aims to enhance mobility solutions in emerging markets, meeting growing demand efficiently and sustainably.

Zoomcar Holdings, Inc.

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